comprehending the power of the first thing we’ll need to do is comprehend dns here…X Domain Name…
using examples so that’s exactly what we’re going to be utilizing to help you understand dns so dns stands for domain name service which is an elegant method of stating that it is a practical service which enables us humans to enter human understandable addresses into the search bar and after that it will automatically turn them into machine understandable addresses so the majority of you are most likely knowledgeable about ip addresses and those are exactly how a computer system at one end of the internet understands how to talk specifically to another computer system somewhere else and not just yell it into the abyss that is the web when you enter google.com and you hit enter your computer sends a message to your internet service provider stating yo where’s google the internet service provider finds out and goes to where google is tells them
that you are trying to find them and then grabs a package back to send out to you now the plan is then unpacked by your computer to reveal you the whole of the google.com home page utilizing complex math and software all of this interaction occurs behind the scenes however to you it’s simple and user friendly in fact if we had to enter 22.214.171.124 into the url bar instead of google.com a lot more people would be confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and internet because it makes sense to us so that’s basically what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is basically the very same thing that i just pointed out except it’s for ethereum ens represents
ethereum name service and basically lets me tell you that whiteboardcrypto.eth is my wallet address so you can simply type that in and pay me 20 if you desire by the way if you don’t have 20 and you wish to support the channel feel free to leave a like listed below it’s free and it rewards all our hard work on this video and the past hundred that we have actually been actually hard at work developing but anyways if you’re not utilized to comprehending the option to sharing whiteboard crypto.eth with somebody is i ‘d need to share them this i can’t inform someone that and i couldn’t dependably type that into a computer you need to copy and paste it and that is essentially what ens does is equate
As you most likely currently understand, crypto transactions are permanent. When you send out character, unbelievably long ERC-20 address and heaven forbid you mess up one character, you could be sending your preciousinto oblivion never ever to be seen again. All of us understand the painstaking moments in between when you send out crypto, to when it gets to the destination, praying to the that the address was right.
The reverse is also real, state somebody wishes to send you some and they screw up even a single digit, all the best asking to resend more after they just lost their funds. This is extremely problematic, especially if you are trying to run an organization and are counting on payments, with your clients all running the risk of entering your receiving address incorrectly.